Procurement by major manufacturers has driven a significant increase in medium-heavy rare earth prices [SMM Rare Earth Daily Review]

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SMM News on July 3: Today, the rare earth market prices have polarized. Specifically, in the oxide market, the price of Pr-Nd oxide has increased to 444,000-446,000 yuan/mt, dysprosium oxide to 1.62-1.63 million yuan/mt, terbium oxide to 7.08-7.12 million yuan/mt, and gadolinium oxide remained stable at 162,000-163,000 yuan/mt. The price of holmium oxide has increased to 520,000-525,000 yuan/mt, and erbium oxide continues to fluctuate between 304,000-308,000 yuan/mt.

In the metal market, the price of Pr-Nd alloy has remained stable at 543,000-548,000 yuan/mt, dysprosium-iron alloy at 1.56-1.58 million yuan/mt, terbium metal at 8.7-8.8 million yuan/mt, and gadolinium-iron alloy at 156,000-157,000 yuan/mt. The market price of holmium-iron alloy has increased to 520,000-525,000 yuan/mt, while the price of lanthanum-cerium alloy continues to remain stable at 17,000-19,000 yuan/mt.

Currently, the rare earth market prices are showing a polarized trend. Light rare earth prices are relatively stable, while medium-heavy rare earth prices have significantly increased due to procurement by leading manufacturers. Specifically, the medium-heavy rare earth market was in the doldrums some time ago, but influenced by procurement from leading manufacturers, the market sentiment has turned bullish again, with some suppliers raising their quotes to test market reactions. In contrast, due to the support of raw material costs and weak demand for metals from magnetic material enterprises, light rare earth prices have remained stable.

Overall, the light rare earth market has been affected by weak supply and demand, keeping prices stable. However, the medium-heavy rare earth market has seen a significant price increase supported by procurement from leading manufacturers. It is expected that in the short term, the rare earth market will hold up well under the influence of procurement from leading manufacturers.